Tulum has beautiful beaches, trendy restaurants and shops, and eco-friendly resorts that make it very popular.I'm wondering if anyone has insights into whether something like this could realistically be developed in Colombia?

Would like to create something beautiful and eco friendly.

Both are beautiful States.

I did know of LEADS but not FARM and you explain it beautifully. 

Your home IS in a location that could make it a good STR/MTR given proximity to attractions and it's in beautiful shape so I don't think the operator is pulling the interest/opportunity out of their a**.Attorneys would probably argue with me, but if their LLC is going to rent it, I would still get the individual on the lease or at least a co-signor guarantor agreement so that you have the EIN and SSN for purposes of evictions and collections. 

Good luck "By the way I believe you can succeed in both markets (high cash flow/low appreciation & low cash flow/high appreciation) but best odds are if you are intimate with the market."100% agreed and there are many ways to skin a cat (Sorry to the animal activists) hahaHaving the intimate market knowledge as you mention and an end goal will keep an investor on the path forward.Time is a beautiful teacher and will eventually reveal what strategy was best.Much success

I've been doing extremely well and the beauty is that I don't need rates to go down.

I agree that the west is more beautiful, but they are accessible to everyone on the east coast.

It has this beautiful handrail for the staircase, but there are a couple problems with it.

We ended up deciding on a beautiful neighborhood on the Pascagoula River in a beach town on the Gulf Coast of Mississippi, and absolutely fell in love with it.